Nextdoor (NYSE:KIND) Price Target Lowered to $1.75 at The Goldman Sachs Group

Nextdoor (NYSE:KIND - Free Report) had its price objective decreased by The Goldman Sachs Group from $2.50 to $1.75 in a research note published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, Craig Hallum assumed coverage on Nextdoor in a research note on Thursday, January 30th. They set a "buy" rating and a $4.00 price target for the company.

Nextdoor Price Performance

Shares of NYSE KIND traded up $0.03 during trading on Monday, hitting $1.51. The stock had a trading volume of 1,537,447 shares, compared to its average volume of 1,773,281. The firm has a fifty day moving average of $1.87 and a two-hundred day moving average of $2.27. The company has a market capitalization of $581.38 million, a PE ratio of -4.70 and a beta of 1.16. Nextdoor has a 12 month low of $1.35 and a 12 month high of $3.00.

Nextdoor (NYSE:KIND - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The firm had revenue of $65.23 million during the quarter, compared to the consensus estimate of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. On average, equities analysts expect that Nextdoor will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Nextdoor

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.72, for a total transaction of $25,800.00. Following the transaction, the general counsel now owns 267,445 shares in the company, valued at $460,005.40. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 46.04% of the company's stock.

Institutional Trading of Nextdoor

Several large investors have recently added to or reduced their stakes in KIND. Tower Research Capital LLC TRC lifted its position in shares of Nextdoor by 77.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company's stock worth $25,000 after purchasing an additional 4,514 shares during the period. AXQ Capital LP bought a new stake in Nextdoor during the 4th quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Nextdoor during the 4th quarter worth approximately $27,000. SVB Wealth LLC purchased a new position in shares of Nextdoor during the 4th quarter worth approximately $27,000. Finally, US Bancorp DE purchased a new position in shares of Nextdoor in the 4th quarter valued at approximately $29,000. Institutional investors own 35.66% of the company's stock.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.